I've made offers on several short sales in the past but never actually bought one.I've been told to put language in the contract to the effect of "property will be delivered vacant and all of owner/occupants' or tenants belonging will be removed before closing date".What about the final walkthrough?

I am going post this one and it's going to be long (sorry in advance).When reading the discussion, I think it is devolving into debating the merits of apples, oranges, bananas and grapes all at the same time.

Although we belong to MLS, pricing has been so high that it doesnt make business sense.

Feel free to move it if it belongs elsewhere.

By then it will be long forgotten.

It pays to belong to some REI clubs and local trade organizations, to do business as locally as possible, and get as many live references as you can.

I did a quick search on a mortgage forum I belong to for HELOCS and both TD and US bank showed up as players.

Of course, I do not have a problem making a low offer on this if the numbers work - the listing is poorly done (they estimate the gross income as the same as the net income and then list the rents that they are actually receiving and those rents do not equal those "estimates") so I don't have any problem with "insulting" someone by giving a lowball offer provided it is backed up by numbers.Also, the plan would be long-term hold on this.

. :-)Send me an email and I'll give you my story since it probably doesn't belong on here.thanks,[email protected]

Karen will come back, they do developments and I'll bet the paid thier dues over time to get where they are....to this point.I'd say work with one, not many write books on the subject that take in all kinds of developments in various parts of the country.Spend 10 years at it and you could be pulling down some great money for another 20 years, may be longer!